COUNTRY •
EGYPT
Last Update: 25 Sep 2023 2:15 GMT+0
The Egypt 10Y Government Bond has a 26.298% yield.
10 Years vs 2 Years bond spread is 124.8 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 19.25% (last modification in August 2023).
The Egypt credit rating is B, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 1,512.79 and implied probability of default is 25.21%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 24.329% | +147.2 bp | +640.5 bp | 22 Sep | |||||
| 6 months | 26.948% | +38.1 bp | +500.8 bp | 22 Sep | |||||
| 9 months | 26.664% | +38.9 bp | +372.4 bp | 22 Sep | |||||
| 1 year | 25.489% | -50.7 bp | +212.1 bp | 79.69 | +0.40 % | -1.69 % | 22 Sep | ||
| 2 years | 25.050% | +61.0 bp | +141.3 bp | 63.95 | -0.98 % | -2.25 % | 22 Sep | ||
| 3 years | 26.636% | +100.5 bp | +354.1 bp | 49.24 | -2.36 % | -8.15 % | 22 Sep | ||
| 5 years | 26.485% | +141.8 bp | +401.1 bp | 30.89 | -5.48 % | -14.88 % | 22 Sep | ||
| 7 years | 26.347% | +141.5 bp | +450.0 bp | 19.46 | -7.55 % | -22.41 % | 22 Sep | ||
| 10 years | 26.298% | +145.0 bp | +454.0 bp | 9.68 | -10.95 % | -30.66 % | 22 Sep | ||
Last Update: 25 Sep 2023 2:15 GMT+0
Egypt Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (19.25%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | ||||
| 10 years | 26.298% | 704.8 bp | |||||
| 5 years | 26.485% | 723.5 bp | |||||
| 2 years | 25.050% | 580.0 bp | |||||
| 1 year | 25.489% | 623.9 bp | |||||
| 3 months | 24.329% | 507.9 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -43.9 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | 143.5 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 124.8 bp | Normal Convexity in Long-Term vs Short-Term Maturities |
Readings that may interest you
Egypt Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Egypt Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B
|
negative |
| Moody's Investors Service |
B3
|
- |
| Fitch Ratings |
B
|
negative |
| DBRS |
-
|
- |
Egypt Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 19.25% |
Egypt Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 1,512.79 | -1.90 % | +4.25 % | +244.40 % | 25.21 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Egypt 10Y Bond Yield Spread
The Egypt 10Y Government Bond has a 26.298% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Egypt 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 2557.4 bp | +137.7 bp | +407.5 bp | Compare | |
| China 10Y | 2359.1 bp | +132.6 bp | +472.5 bp | Compare | |
| Germany 10Y | 2356.6 bp | +127.4 bp | +395.8 bp | Compare | |
| France 10Y | 2301.3 bp | +125.4 bp | +392.4 bp | Compare | |
| Spain 10Y | 2249.2 bp | +122.3 bp | +395.2 bp | Compare | |
| Canada 10Y | 2234.8 bp | +123.2 bp | +335.6 bp | Compare | |
| United Kingdom 10Y | 2203.9 bp | +162.6 bp | +356.5 bp | Compare | |
| Australia 10Y | 2198.4 bp | +127.8 bp | +345.3 bp | Compare | |
| United States 10Y | 2183.9 bp | +122.4 bp | +345.3 bp | Compare | |
| Italy 10Y | 2166.6 bp | +105.0 bp | +391.1 bp | Compare | |
| India 10Y | 1914.8 bp | +150.6 bp | +470.8 bp | Compare | |
| Brazil 10Y | 1487.7 bp | +113.8 bp | +610.5 bp | Compare | |
| Russia 10Y | 1374.3 bp | +83.5 bp | +314.5 bp | Compare |
Egypt Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 10 years | 26.298% | 9.68 | 13.12 | 19.99 | 26.86 | 33.72 | 40.59 | ||
| 7 years | 26.347% | 19.46 | 22.51 | 28.63 | 34.74 | 40.86 | 46.97 | ||
| 5 years | 26.485% | 30.89 | 33.50 | 38.72 | 43.94 | 49.16 | 54.37 | ||
| 3 years | 26.636% | 49.24 | 51.15 | 54.96 | 58.77 | 62.58 | 66.39 | ||
| 2 years | 25.050% | 63.95 | 65.39 | 68.27 | 71.14 | 74.02 | 76.90 | ||
| 1 year | 25.489% | 79.69 | 80.49 | 82.08 | 83.67 | 85.27 | 86.86 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||